Asia
Shenzhen Gongjin Electronics Buys Stake in Chip Design Company
Shenzhen Gongjin Electronics (SHA:603118) will invest 50 million yuan in Beijing Hongguang Xiangshang Technology in exchange for a 7.0621% stake, according to a Thursday filing with the Shanghai bourse.Of the amount, more than 1 million yuan will go to the target's registered capital, while about 49 million yuan will go to its capital reserve, the filing said.Xiangshang designs next-generation integrated circuit silicon-based optoelectronic integrated chips.
SHA:603118
